Property
Concept of open-ended property funds is absurd – Seneca
Last week’s suspension of several daily-traded, open-ended property funds demonstrates that the concept is ‘absurd’, according to Seneca Investment Management.
BofE considers new measures to halt property fund closures
The Bank of England is looking to impose new measures in a bid to stem the flow of property fund suspensions in the wake of last month’s Brexit vote.
LGIM, Aberdeen levy exit penalties on UK property funds
Aberdeen Asset Management and LGIM have announced a 17% and 15% value cut on their respective commercial property funds, following suspensions on trading by the UK’s largest property funds.
Henderson, Columbia Threadneedle join UK property fund freeze
Henderson Global Investors and Columbia Threadneedle have announced they have suspended all trading in their respective UK property authorised investment funds (Paifs) and feeder funds, the firms said on Wednesday.
ANALYSIS: UK property panic shows investment trust potential
The only thing markets like less than uncertainty is panic. Long lines of people clamouring to get their money out of an investment is never a good image.